Listed by Windermere RE/Lake Tapps, Inc
NOT LISTED FOR SALE

Estimated Value: $578,783 - $619,000

4 Beds
2 Baths
1,960 Sq Ft
$305/Sq Ft Est. Value

Last Sold June 30, 2016

Last sale price $285,000 $145 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $3,791/month

24 Days on Market

Highlights

  • Wood Siding
  • Wall to Wall Carpet
  • 1-Story Property

About This Home

As of June 2016

Nice duplex on a quiet residential street near downtown Auburn with easy access to Sounder station, eateries & retail. Attractive, well-maintained building with newer roof. Detached 2-car garage with individual spaces and openers, located at back of property with alley access. Lower rents reflect long-term occupancy by existing tenants. Rental market indicates great potential for higher income with rents increased to current market rates.

Last Agent to Sell the Property

Sheryl Workman

Windermere RE/Lake Tapps, Inc License #2265 Listed on: 05/15/2016

Windermere RE/Lake Tapps, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 939655

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,563

Year Built

  • Built in 1977

Lot Details

  • 8,000 Sq Ft Lot
  • Lot Dimensions are 80 x 100
  • Property is in average condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,960 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Washelem Elementary School
  • Cascade Mid Middle School
  • Auburn Snr High School

Utilities

  • Cable TV Available

Community Details

  • Bungalow Addition Condos
  • Downtown Auburn Subdivision

Listing and Financial Details

  • Legal Lot and Block 7 & 8 / 1
  • Assessor Parcel Number 1202000040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,563

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1977
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Bungalow Addition
  • New Construction: No
  • CalculatedSquareFootage: 1960
  • Special Features: None
  • Cumulative Days on Market: 380

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Auburn
  • WaterCompany: City of Auburn
  • WaterSewerGarbage: 2504

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Auburn
  • High School: Auburn Snr High
  • Middle Or Junior School: Cascade Mid

Lot Info

  • Parcel Number: 1202000040
  • Lot Size Acres: 0.1837
  • Lot Size: 80 x 100
  • Lot Size Sq Ft: 8000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: King County records
  • ZoningClass: Multi-Family
  • LotNumber: 7 & 8

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 1525

Multi Family

  • Gross Scheduled Income: 18300
  • Net Operating Income: 11766
  • Number Of Units Total: 2
  • Insurance Expense: 465
  • Leasable Area: 1960
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 3563

MLS Schools

  • Elementary School: WashElem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2016
Closed on
Jun 27, 2016
Sold by
Johanns David L and Johanns Rose I
Bought by
Babb Gregory T
Seller's Agent
Sheryl Workman
Windermere RE/Lake Tapps, Inc
List Price
$300,000
Sold Price
$285,000
Premium/Discount to List
-$15,000
-5%
Current Estimated Value
$597,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,928
Avg. Annual Appreciation
8.26%

Purchase Details

Closed on
Jun 3, 1997
Sold by
Fitzgerald David A and Fitzgerald Cathy S
Bought by
Johanns David L and Johanns Rose I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,500
Interest Rate
8.08%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Babb Gregory T $285,000 Ticor National
Johanns David L $133,000 Pacific Northwest Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johanns David L $62,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2016 06/30/16 Sold $285,000 -5.0% $145 / Sq Ft
06/09/2016 06/09/16 Pending -- -- --
05/15/2016 05/15/16 For Sale $300,000 -- $153 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,400 $536,000 $136,000 $400,000
2023 $5,853 $471,000 $109,000 $362,000
2022 $5,249 $492,000 $118,000 $374,000
2021 $4,904 $391,000 $95,000 $296,000
2020 $4,464 $345,000 $89,000 $256,000
2018 $4,957 $345,000 $83,000 $262,000
2017 $4,063 $316,000 $76,000 $240,000
2016 $3,563 $257,000 $73,000 $184,000
2015 $3,520 $239,000 $68,000 $171,000
2014 -- $229,000 $64,000 $165,000
2013 -- $175,000 $59,000 $116,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 939655

Northwest Multiple Listing Service (NWMLS)

APN: 120200-0040